Those experienced economic recession are unlikely to over gear. Only novices think they could beat the system.

There is a sucker born every minute. In every bull run be it stocks, btc, gold, property, tulips, etc, there is a new generation of herd participating.

Will this unit return to the 7th auction?

More like legal enforcement is very compassionate and sympathetic.

If bank fail, whole country economy could be effected; if borrower bankrupt, only borrower 14th floor. between bank and borrowers, bnm and gomen naturally protect bank unless the borrower could bring the bank down.

if borrower didn't defaulted, bank couldn't charge penalty loan rate. so who is at fault on loan default/penalty loan rate? similarly for npl.

btw, when donald trump defaulted his bank loan, he sued the bank. perhaps, borrowers in lyn could emulate similar act.
https://www.nytimes.com/2019/03/18/business...pgtype=Homepage

This post has been edited by icemanfx: Mar 20 2019, 06:28 AM

For reasons, auction property is only worthwhile if is substantially cheaper than mv.

Until price difference between auction and subsale is marginal, choosing auction is sensible.

This post has been edited by icemanfx: Apr 26 2019, 11:02 AM

For a bbb/uuu to say this, the property market must be real bad.

Factory is a long game, need to hold for over 10 years to see reasonable yield and price appreciation.

It seems, besides selected memory or/and Alzheimer, you have tunnel vision also. If you know how much one could made from other investment since 2012, you would curse your ancestors.

This post has been edited by icemanfx: May 1 2019, 02:32 PM

If timing is critical in property investment, why you still encourage other to buy when on downtrend and supply>demand? Not enough naive BBB/uuus' blood on your hands?

This post has been edited by icemanfx: May 1 2019, 08:12 PM

What about those bought during 2011-2014 bull run?

Lambs are destined to be slaughtered.

Property overhang is still expanding and rental is on down trend. Hence, more distressed subsale i.e cheaper is expected.

If one compare asking price of a few years ago and current distressed subsale/foreclosure, there could be substantial difference i.e cheaper or gems. If you believe you could find gems now, why not find more gems later?

That will depend on what you consider gems, how you define rare and how much cash you have.

This post has been edited by icemanfx: May 2 2019, 10:35 AM

It is not unknown for some vendors to show inflated rental agreement to entice buyers and terminate rental a few months after transaction is completed.

This post has been edited by icemanfx: May 2 2019, 12:07 PM

Most if not all bought with bank loan, price rise below loan interest incurred is financial losses. If price stagnant for 4 years mean loss could equivalent to about 15% of house value.

How much accumulated loan interest one would typically incurred over a 4 years period?

Is accumulated loan interest incurred over 4 years period is about 15% for most?

Even if loan interest is amortized, price still need to increase sufficiently to be profitable.

Given the magnitude of property overhang and property price rise at about inflation rate in the long term, one will need to hold longer than most expected or big jump to be profitable.

This post has been edited by icemanfx: May 3 2019, 08:49 AM

Many failed to realize loan interest incurred is cost, and leverage amplify profits as well as losses.

If wealth creation is easy, there would be a lot more than 4% of adults in this country have over usd100k net worth.

This post has been edited by icemanfx: May 3 2019, 09:01 AM